This 1 day course (6 CPE Credit Hours) covers the advanced topics of utility accounting, financial statement preparation, disclosures and tax and other compliance. Individuals responsible for the financial and tax reporting of their Cooperatives require an understanding of financial reporting, disclosure and tax provisions applicable to the utility accounting industry. This course will cover advancing topics of utility operations, terminology, reporting and compliance provisions of relevant accounting and tax topics: As well as, provide an in-depth overview of accounting, reporting, tax and other compliance for the utility industry (e.g., GAAP, FERC, Mortgage Lenders, FEMA, IRS and Other), including understanding of accounting concepts and standards, preparing financial statements, analyzing operations, benchmarking, general and subsidiary ledger maintenance and tax and other compliance aspects.
Meet Your Instructors
Terry McMichael is a 2005 graduate of the University of Georgia Terry College of Business, and has been practicing public accounting for 14 years in McNair, McLemore, Middlebrooks and Co.'s Not-For-Profit group. Terry was admitted as a Partner of McNair, McLemore, Middlebrooks and Co in 2015. He is a member of the Georgia Society of Certified Public Accountants, AICPA, Chartered Global Management Accountants and National Association for Cooperative Accountants with a primary practice focus in audit and taxation of Not-For-Profit organizations in the Southeastern United States.
Jason A. Peacock is a partner at McNair, McLemore, Middlebrooks and & Co., LLC and a member of the firm’s electric utility practice group. He has over 20 years audit experience specializing in not-for-profit entities with an emphasis in electric utility related audits and special projects. He is a Certified Public Accountant (CPA) and holds his Certified Information Technology Professional (CITP) credential. In addition, he is a member of the AICPA, Georgia Society of CPAs, and several professional accounting associations.